It is not advisable to enter future orders at this time, accumulating spot is even less advisable.

Why?

Currently, the correction wave has not yet ended; after last night's sharp price drop, a large number of long orders were liquidated, which means an equivalent number of short orders must be opened to fill the liquidity gap. The more short orders there are, the higher the price will rise.

The short side is quite crowded after the drop last night, the most noticeable point is the negative funding fee. And because of the large number of short orders opened and the price recovering, this is just a wave of recovery after the long side got liquidated; in reality, the major correction wave has not yet been completed.

Therefore, it is not advisable to enter orders at this time; be patient and wait. And remember, waiting is also a form of action. Keeping money is harder than making money; don’t be greedy to enter orders, opportunities are always present in this market, stay alert and don’t fall into traps at this moment!